Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

	Twelve Months Ended December 31,
	2011			2010			2009			2008		2007
Earnings:
Income (Loss) from continuing operations attributable to MDC Partners Inc.	$	(83,313	)	$	(11,491	)	$	(15,144	)	$	11,044	$	(17,783	)
Additions:
Income taxes (recovery)		41,735			(165	)		8,536			2,397		6,081
Noncontrolling interest in earnings of consolidated subsidiaries		7,754			10,074			5,566			8,300		20,474
Fixed charges, as shown below		50,633			39,506			27,360			20,493		18,966
Distributions received from equity-method investees		4,584			638			198			440		—
		104,706			50,053			41,660			31,630		45,521
Subtractions:
Equity in income (loss) of investees		213			866			(8	)		349		165
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges		—			—			—			—		—
		213			866			(8	)		349		165
Earnings as adjusted		21,180			37,696			26,524			42,325		27,573
Fixed charges:
Interest on indebtedness, expensed or capitalized		39,747			31,351			18,057			13,650		11,471
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized		2,175			2,136			4,041			1,348		2,330
Interest within rent expense		8,711			6,019			5,262			5,495		5,165
Total fixed charges	$	50,633		$	39,506		$	27,360		$	20,493	$	18,966
Ratio of earnings to fixed charges		N/A			N/A			N/A			2.07		1.45
Dollar amount deficiency	$	29,453		$	1,810		$	836			N/A		N/A